Delta Approves N10b For Palliatives To Cushion The Effect Of Subsidy Removal
The Delta State Executive Council (SEC) has approved the sum of N10 billion as social investment to fund palliatives for the less privileged, people living with disabilities, widows, women, youths and the aged Deltans in the society. It also set…
Expert Warns As Nigerians Convert Power Generators From Petrol To Gas
Nigerians have become more innovative following the removal of fuel subsidy by President Bola Tinubu on May 29. Indication reveals that Tinubu’s sudden decision to stop the oil subsidy regime brought about a sharp rise in the price of petrol….
Palliatives Can’t Cure Our Pains — Nigerians Cry Out Over Fuel Subsidy Removal
Citizens, including lawyers, human rights activists, academics, and artisans have faulted the palliative measures put in place by some state governments to bolster the consequence of the removal of fuel subsidy on the people, saying it was a wrong strategy….
N400bn Savings Raises Questions Over Fuel Subsidy Removal
After more than 30 days of fuel subsidy removal, the controversy surrounding the projected ‘N400 billion savings’ has unsettled Nigerians. Report has it that in February this year, the Group Executive Officer of the Nigerian National Petroleum Corporation Limited, NNPCL,…
Nigeria Spent N13trn On Fuel Subsidies In 16 Years – Boss Mustapha
Amid confusion surrounding the fuel subsidy removal, the Secretary to the Government of the Federation, Boss Mustapha, said the country spent N13 trillion on subsidies payment from 2005-2021. Report has it that Mustapha stated this on Monday while unveiling the…
FG Lacks Willpower To Remove Fuel Subsidy – PETROAN
The Petroleum Product Retail Outlet Owners Association of Nigeria says the current administration lacks the willpower to remove fuel subsidy. Report has it that PETROAN which supports the removal of fuel subsidy, said it believes the removal will address the…
APC Setting Up Landmines For Tinubu Over Fuel Subsidy – Bwala Alleges
An aide of Atiku Abubakar, the 2023 presidential candidate of the Peoples Democratic Party, PDP, Daniel Bwala, has accused the All Progressives Congress, APC, of setting up landmines for the President-elect, Bola Tinubu. Report has it that Bwala spoke in…
N800bn Subsidy Removal Palliative Avenue To Steal Money – Sam Amadi
The Director of the Abuja School of Social and Political Thoughts, Dr. Sam Amadi, has questioned the logic behind sharing N800 billion to the poor who receive only N5,000 monthly as a poverty reduction strategy. Amadi said it doesn’t make…
Controversy Over $800m World Bank Loan To Nigeria
Nigeria’s economy has been laced with confusion and anxiety over the World Bank’s $800 million loan to the country as a palliative to cushion the effect of the proposed fuel subsidy removal by June. It would be recalled that Muhammadu…
Borrowing To Fund Fuel Subsidy Removal Abnormal – Yusuf
The Director of the Centre for the Promotion of Private Enterprise, Muda Yusuf, said borrowing $800 million from the Word Bank to fund fuel subsidy removal palliative in June is strange. It would be recalled that after last week’s Federal…